RBI releases updated master circular on loan income recognition, asset classification, and provisioning norms, consolidating directives till March 2025.
RBI issues FAQs clarifying 2023 directions on commercial bank investment portfolio classification, valuation, and operations.
SEBI extends portfolio manager data submission deadline to 15 days, applies to data from April 1, 2023. See circular details for compliance.
India imposes anti-dumping duty on acrylic solid surfaces from China, following findings of material injury to domestic industry.
SEBI mandates online filing via SI Portal for certain Takeover Regulation 10(7) reports, phasing out email submissions by May 15, 2025.
India imposes anti-dumping duty on Soft Ferrite Cores from China, affecting specific geometries. Details on rates, producers, and tariff items included.
A Disciplinary Committee exonerated CA B.L.N. Phani Kumar, finding him not guilty of professional misconduct related to his auditing duties for seven companies. The case, brought by the RBI, alleged the companies were operating as Non-Banking Financial Institutions without proper registration. The committee found that the companies had not accepted public deposits, and therefore, the auditor had no obligation to submit special reports to the RBI. The RBI also did not take action against the companies. The committee’s final decision was to close the case.
The Disciplinary Committee of the ICAI has cleared CA Vivek Kalani of professional misconduct charges. The case centered on allegations of certifying a false registered office address for a company, but the committee found that Kalani had conducted due diligence. The committee’s ruling was based on the evidence presented and the lack of a proper inspection report from the complainant, leading to a decision to close the case.
Key updates on the regulatory framework for microfinance loans including borrower guidelines, loan repayment, and charges. Understand the latest rules here.
The ICAI Disciplinary Committee fined CA Gaurav Kansal for professional misconduct, including failing to report fraudulent operations and related-party transactions.
